Technology and risk management solutions provider oneZero announced on Tuesday that it has raised new funding from Golden Gate Capital, a San Francisco-based private equity firm.
The terms of the investment were not announced. However, the company said in a statement that oneZero founders Andrew Ralich and Jesse Johnson remain the largest individual shareholders in the company.
Ralich and Johnson will also remain at the company after the close of the new investment.
The company said in a statement that the investment will be used to continue to grow the business organically but also hinted at the potential for M&A activity.
oneZero last raised funds in 2019 from private equity firm Lovell Minnick Partners. Since then the company has attempted to pivot more towards providing technology to banks and other financial institutions, outside of its core retail brokerage business.
“Golden Gate Capital’s investment is a seamless extension of our beneficial relationship with LMP. This next stage investment, alongside LMP’s continued support, validates the clear opportunity we see to expand our role as a leading technology partner in the global OTC asset trading market,” said Ralich.
“We’re excited to partner with Golden Gate Capital, whose extensive resources and deep industry expertise will help us accelerate investment in our team and our organic product roadmap, while also expanding opportunities to grow the business through M&A.”
